ISLAMABAD – Economic experts have termed the detachment of Tethyan Copper Company from exploring of gold and copper from Recko Diq mineral project as very harmful for country’s economy, adding that no other company will invest in Pakistan in prevailing law and order situation if the company is prevented from exploring the minerals.
Reacting over this important issue, the experts said that the economic situation is worst in the country, adding that Federal Board of Revenue clearly said that the budget deficit has reached to 511 billion rupees in current fiscal year. They noted that the foreign investors were avoiding investing in Pakistan due to terrorism and prevailing law and order situation. They said that it would end possibility of further investment in the country if Tethyan, which invested US $ 230 million, was stopped from exploring of gold and copper.
There is possibility that Tethyan will move International Court of Justice against Pakistan, which will create problems for the government.
The experts said that according to Balochistan Minerals Rules, the investor company has the right to discover the minerals and it also has permission of exploring and noted that some opportunists’ elements do not want development of the province. These elements destroyed the PIA, and Railways like national institutions and now their eyes are on Recko Diq project.
They demanded to unearth these elements who wanted to destroy country’s economy.
